Leeds Building Society has launched its10-year fixed rate mortgage for those people with smaller deposits.
The new product is available up to 90% loan to value, has no higher lending fee, includes the flexibility of allowing 10% capital repayments each year without penalty and has a highly competitive rate of 4.99%.
Even more great news for those with smaller deposits, the Society has also launched a 'fee free' version of the 10 Year Fixed Rate Mortgage at a very competitive rate of just 5.29%.
Jeff Kirk, Corporate Relationship Manager said "This 10-year fixed rate offers outstanding value, with certainty of payments and the flexibility to pay 10 per cent of the balance without penalty. The last 10-year mortgage (which is still available) is outselling our expectations. It is clear that clients want to lock in good value when rates are low enough and this is another ideal opportunity. We know this will be popular as many customers like the peace of mind offered by this type of product. In view of our experience last time, I would urge customers to act quickly to avoid disappointment."
